Jaguar Mining Gold = micro-cap scam: Be Cautious Zcash is Better
Jaguar Mining Announces Ten To One Reverse Split
Jaguar Mining this morning announced that the company will be going ahead with a previously proposed share consolidation on the basis of one common share for every ten shares currently held by shareholders. Further, the company intends to conduct a $0.08 dividend on a post-consolidated basis five days after the completion of the consolidation.
The consolidation, as per the company, was approved by an annual general and special meeting of shareholders held on June 5, 2017 – a mere three years ago. The company was provided with conditional approval from the Toronto Stock Exchange on July 17, 2020. The effective date for the ten to one reverse split is said to be August 27, 2020.
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AUY
Yamana Gold (NYSE: $AUY) Gearing Up For Precious Metal Boom! 💥Yamana Gold Inc., together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina producer. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in August 2003. Yamana Gold Inc. was founded in 2003 and is headquartered in Toronto, Canada.
AUY Golden Cross looking guaranteed this weekThe whole long GLD trade looks like a no brainer trade for 2022. Huge inflation talk in the economic calendar this week.
Yamana Gold (NYSE: $AUY) Is Our Top Gold Stock For 2022! 🌟Yamana Gold Inc., together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina producer. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in August 2003. Yamana Gold Inc. was founded in 2003 and is headquartered in Toronto, Canada.
Long term view on Yamana GOLD - Weekly Flag PatternToday we will take a look at Yamana Gold. We posted about Barrick Gold yesterday and XAU/USD last week (link in related ideas). Today we will put them all together.
On the Weekly chart, we observe two clear structures.
a) The support resistance zone from 2015
b) 280 days ABC flag Pattern
As we have a clear impulse before the Flag pattern, we can draw Fibo extensions and project targets. In this case, we have Target 2 and Target 3 as an expected move after the breakout of the Flag pattern.
Target 1 is the first level for trades inside the Flag Pattern (There we expect another correction of a smaller size)
Now, we will add to this post 3 charts that may be relevant for Gold traders and Mining Companies.
BARRICK GOLD CORPORATION
GOLD FUTURES
Thanks for reading!
We are ready for a new bullish movement on XAUUSD -Hypothesis: The price is about to start a new bullish movement IF we have the confirmation of the price reaching the green line.
-If the price does not reach the green line, we will not consider our Hypothesis Active.
-Invalidation level: Redline, this means that if the price does not reach our green line, we will consider that the hypothesis is no longer valid / Also, if the price reaches the green line, and then a new local low happens (Redline) we will consider our Hypothesis to be wrong.
-Expected target: 1950,00
-Risk-free level: 1860.00 This means that if the price goes in the expected direction and reaches 1860.00, we will move our stop loss to the entry level.
Possible duration of the movement: 5 to 12 weeks
Technical Explanation: The price is on a convergence zone (Ascending trendline + Key Support level + Cloned channel of the Flag pattern). After a clear rejection on the level (double bottom pattern), we saw a clear breakout of the inner descending trendline. Based on those items, IF we have a new local high, we will consider that a confirmation for the bullish movement.
Thanks for reading!
AUY - This is what Yamana Gold is doing... A giant bottom on Weekly Chart ?
( this is not a trading advise, consider your own risk while trading. )
GPL Long hereGPL and other miners are breaking out. GPL just broke frmo the trend line and is above the supporting MAs. Many others in the sector have already broke out, check CDE which I bought last week.
Bullish Yamana Gold Inc. $AUY to $8.85?With gold prices on the rise and the planned listing on LSE Yamana is looking very bullish. Today we broke and closed above a major trend line going back from Feb. 2019. This is a good move signaling for the price to move even higher in the coming weeks. I have an old support area marked where its possible the price could get rejected at $7.25. Fingers crossed let's hope we can break above and test it for support once again. This I believe would bring us back to another old resistance area of around $8.85. Good luck traders.
AUY Rising Wedge (Bearish) with Neg div in PPO and VolumeAUY Rising Wedge (Bearish) with Negative divergence in Momentum (PPO) and Volume.
Metals are on fire now with gold breaking inching towards all time highs.
I have no long or short position at the time of posing this but watching it.
AUY BreakoutI see a chance to go long here in AUY. I bought two days ago at the small arrow. I see it as a breakout today. I believe if you look at the mining sector everything is moving higher. Price is above the supporting moving averages and moving above the trend line. I also bought JNUG and added today.
Interesante bandera de teórica resolución al alzaSe puede apreciar que el activo formó una bandera de teórica resolución al alza, también vemos que viene respetando la base el desdoble del canal propuesto en una idea anterior (linea de puntos Verde) con transgresiones temporales de la linea de tendencia bajista (linea Negra) quebrada la cual actuó como disparador
del interés en el papel. muy correlacionado al comportamiento del oro, principal actividad económica de la empresa y tambien con otras empresas de sector (barrick gold, harmony gold). sigue vigente la hipotesis de que sea la wma de 30 semanas la que busque al precio
AUYAUY
Yamana Gold, running for a mid-long term bullish trend.
Coming back to it´s original channel of the past month.
Pay attention! "Gold is money, everithing else is credit"
See you later!!
AU: history repeats? Last year, the asset started a bullish rally (similar to the one that has just ended currently) that led the price to increase by more than 100%; From that moment on, the price corrected and began to generate a bullish channel (green dotted line ceiling). The correction it had then never reached the 0.382 Fibonacci retracement, but it was the 30-week weighted average that went looking for the price and accompanied it support throughout this channel (this pattern is likely to repeat itself). In February of this year, prior to the covid-19 crisis, the canal ceiling was broken upward with a significant increase in volume, after which the asset falls sharply and recovers in the same way. But this time, the increase in the price is more than 150% and after breaking the medium-term downtrend line (black line) it again exceeds the channel ceiling and unfolds it (green dotted line is now floor), exceeding the maximum at the end of February this year. Today the price corrects and contacts the 0.236 Fibonacci retracement that also converges with the bearish TL of the medium term (black line) and it seems that the paper generated a throwback to it and that is when we are presented with this great opportunity. The interesting thing about the current price situation is that from this point history can be repeated and in that case I have two objectives. The primary I postulate in the maximum of July 2016 and starting point of the medium-term downtrend line broken today; which represents a rise of more than 20% and as a second objective we have a relevant value from March 2014 that was support and that is now going to act as resistance, while the price is going to meet the upper secondary channel ceiling in US $ 7 which represents a rise from current prices of more than 40%. In case of losing the support in which the asset is currently located, it would greatly complicate the performance of the paper (and the proposed strategy) since it would fall back below the medium-term downtrend line. Although below it presents a relevant support in the 0.382 retracement to which the wma of 30 is clearly rising. If last year's asset behavior model were to repeat itself, now that the rally was more pronounced and the correction sooner, perhaps we would see the average of 30 quickly go up to look for the price and accompany it as support throughout this second channel. I do not include analysis of indicators so as not to extend.
YAMANA GOLD LONG RUN (AUY)AUY
Yamana Gold, according to the price of Gold Oz Troy is going ahead with bullish force.
Looking foward for this objetives (lets take this values with some variability at least 10 to 20%).
Stop loss or trailing stop is recomended.
See you later!
GOLD, GDX, GDXJ, AUYTVC:GOLD Inverse head and shoulders breakout from mid 2017 through late 2019 broke out and reached a high of $1,750 without ever testing the neck line again.
While it is not necessarily probably that it do so it is certainly possible we get there or close.
Momentum suggests this, RSI supports, Price action is weakening, and moving averages point to a pull back.
If you believe this scenario is possible I would suggest looking at the levels of $1510, $1400, and $1355 as key hard supports.
May be good opportunity to short GDXJ , GDX , or stocks like AUY .
THIS IS NOT A RECOMMENDATION TO BUY / SELL. THIS IS MERELY AN IDEA AS WE SHOULD ALWAYS CONSIDER ALL POSSIBILITIES. Stay profitable. Mitigate risk.
@econrumations
www.economicrumations.com